2116 San Jose Ave - Apartments FOR SALE


Alameda, CA 94501- South Shore
$2,980,000 USD
650-492-0934
2116 San Jose Ave, Alameda, CA for Sale
$2,980,000 USD
Apartments - FOR SALE
1/18
null | 5.77% Cap Rate

2116 San Jose Ave
Alameda, CA 94501
South Shore


HIGHLIGHTS

  • Exceptional Cottage-Style Multifamily Investment Opportunity
  • Prime Alameda Location
  • Excellent Transportation Corridors
  • Strong Employment Base

OVERVIEW

2116 San Jose Ave presents an exceptional investment opportunity, situated in the thriving city of Alameda, California. Situated on a 17,000 square foot parcel of land, the subject property was originally constructed in 1925 and offers a gross building area of approximately 5,979 square feet. The subject property consists of 100% cottage-style one-bedroom floor plans with private garages. Alameda is a well-located city in the East Bay and is known as “The Island”. Located directly across from Oakland, Alameda provides tenants with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 2116 San Jose Ave is located in a desirable neighborhood situated within walking distance to Downtown Alameda (0.4 miles), featuring a myriad of diverse retail shops, dining and entertainment options. In addition, the subject properties offer easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185 as well as many others. The investment appeal of this asset is driven by Alameda’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 2116 San Jose Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

10

PRICE/UNIT

$298,000

CAP RATE

5.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

071-0240-029-00

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.